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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The ports-to-energy conglomerate is investing $600 million on data centres and will take on both established and new players.
On 4 November last year, the Adani group opened its first data centre in Chennai. It plans to open six more in the next three years, and many more in the course of a decade, taking its capacity to 1 gigawatt by 2030.
These are ambitious plans for a group that has till now focused its energies on commodities and infrastructure. Data centres—large facilities a company uses to house its own servers or rents out to clients, and whose capacity is measured in terms of the power they consume—require large investments on hardware, land and technology. Besides, they are power …
Once seen as a threat, global capability centres appear to be becoming a potential growth driver for the country’s IT giants.
The cloud provider had a blockbuster market debut on the back of a single AI deal. But the latest numbers are barely in line with the incredibly high valuation.
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
